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Data from the eBay platform shows that SMEs that use on-line platforms are more than five times more likely to export than those in the traditional news on internet trade.

During the Covid-19 era, internet enterprises gather to clamp down on illegal wildlife trade

Small businesses and entrepreneurs in developing economies are also at the forefront of this emerging trend—with e-commerce providing important new opportunities for economic development. In Nigeria, for example, studies show that the development of e-commerce has leapfrogged the development of traditional bricks-and-mortar retail.

news on internet trade

But trade policies need to keep pace with 21st Century trade. Internet-led changes to the composition, nature and speed of global trade are raising increasing policy frictions—both in the online space and for the delivery of e-commerce shipments. The result is that tax, customs and market access rules are not always well suited to supporting the growth of SME e-commerce which is characterised by high-frequency, small shipments direct to consumers.

news on internet trade

Another precondition for the success and viability of e-commerce is the ability for information to freely and efficiently cross borders—without being limited by technical barriers or anti-competitive bottlenecks. Fragmented national rules on data and the availability of online information increasingly act as a major impediment to trade. We think the time has come for a new global agreement to support Internet-led trade.

news on internet trade

In SeptemberICC issued a new report calling on WTO members to give active consideration to launching new talks on a holistic package of trade disciplines, rules and assistance to boost SME e-commerce—with an overriding objective to promote inclusive growth. Enhancing connectivity and capacity building for e-commerce Upgraded WTO rules to enhance SME access to the Internet and related services—including the removal of regulatory impediments to trade in telecommunications.

A new, global capacity building fund to help SMEs growth through e-commerce.

news on internet trade

These could include: harmonized tariff codes for low-value items; mandatory de minimis thresholds; and provisions to encourage the use of electronic payments for customs duties. Digital rules to support online growth news on internet trade build consumer trust.

New global rules to promote an open, trusted and secure Internet, which would drive down transaction costs for businesses trading online. Possible measures could include: commitments on cross-border consumer protection standards; and rules to promote technological innovation to enhance online security and reliability.

Helsinki, 10 November - Ina pilot project will focus on internet sales of chemicals. The intention is to enforce that legal provisions are complied with e. The pilot project for will focus on enforcing the provisions for substances in articles in REACH.

New multilateral provisions to ensure the free flow of data across borders are of particular importance to speeding the growth of e-commerce. Related documents.